RPM Buys Wood Restoration Materials Firm

3:15 PM MDT | September 24, 2012 | Vincent Valk

RPM’s Rust-Oleum subsidiary has acquired Synta, Inc. (Clarkston, GA), a maker of exterior wood deck and concrete restoration materials. Synta is expected to generate more than $40 million in sales in the next year. Terms of the deal, including financial details, were not disclosed. The deal is expected to be accretive to RPM’s earnings within a year. Synta sells coatings and materials that can rehabilitate weathered wood and concrete surfaces, including outdoor decks. The company’s products are marked to consumers and available at major...